Retailers warn of price hikes as tariffs and commodity costs rise

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00:00Shoppers get ready. Prices are expected to climb again.

00:04From grocery aisles to hardware stores, tariffs and rising production costs are hitting your wallet.

00:11Nearly 90% of Americans say groceries are a source of stress, with more than half calling it a major worry.

00:18Outraking credit card debt, child care, or student loans.

00:22Food companies are filling the squeeze.

00:23Hormel sees higher costs for beef, pork, and nuts,

00:26while J.M. Smucker points to steep tariffs on Brazilian coffee.

00:30Ace Hardware, with more than 5,000 independently owned stores,

00:34warn customers that higher prices could be on the way.

00:37Hormel's interim CEO says costs on meat and nuts hit earnings hard.

00:41Targeted pricing actions are underway, and sales are expected to rise,

00:46but profit recovery might not come until next year.

00:49Retailers are also bracing.

00:51Walmart can't absorb all tariff costs,

00:53and the company's CEO says shoppers are becoming pickier and more cautious.

00:58Costco reports tight margins on food,

01:01while Kroger is adjusting sourcing strategies as customers stretch their budgets.

01:05Tariffs are hitting millions of U.S. goods.

01:08The Tax Foundation says about 75% of American products are affected,

01:12with food among the hardest hit.

01:14One in five food products now carries added costs before hitting shelves.

01:18According to the Consumer Price Index, food prices are up 3% over the past year,

01:24with eggs, meat, and fish jumping 5.6% from June 2024 to June 2025.

01:30You can read the full story right now on the Straight Hour News mobile app or heading to san.com.

01:35www.ce ход.co.co.au

01:36Doc Oro

01:38www.citos.com.au